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More than 120K refrigerators recalled after 34 fires and one reported death
Fox Business· 2026-07-31 15:31
More than 120,000 refrigerators are being recalled over a fire and burn hazard after federal regulators received 34 reports of fires, including one that reportedly resulted in a death. About 121,680 Galanz Retro Refrigerators are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced on Thursday. "The recalled refrigerators' internal electrical components can short circuit and ignite, posing a risk of serious injury or death from fire and burn hazards," the commission said. ABO ...
LARRY KUDLOW: Iran will determine the midterm elections
Fox Business· 2026-07-31 08:31
The survey also asked respondents if they believe the United States should finish the job with Iran. Overall, 62 percent agreed. And that includes that Iran can never obtain a nuclear weapon, the other major goal of Mr. Trump in this war. The survey was taken on July 22 among, critically, 1,000 general election voters. People who actually voted and with the right proportions of the vote. Now I don't know if the job in Iran will be finished by the midterms. I don't know if the Strait of Hormuz will be reopen ...
Apple posts record June quarter as iPhone sales surge; Cook weighs in on AI, China
Fox Business· 2026-07-31 08:06
CUPERTINO, Calif. – Apple delivered its strongest June quarter on record, reporting $109.4 billion in revenue and beating analysts' estimates of $108.65 billion in the company's final earnings report before CEO Tim Cook steps down. A 22% jump in iPhone sales, combined with record spring quarter Mac revenue, helped drive the results. Tariff refunds also boosted Apple's bottom line, adding roughly 5% to profit during the period. But the earnings numbers were only part of the story. In an interview following t ...
Apple posts record June quarter, powered by iPhone sales and tariff refunds
Fox Business· 2026-07-31 06:21
CUPERTINO, Calif. – Apple delivered its strongest June quarter on record, reporting $109.4 billion in revenue and beating analysts' estimates of $108.65 billion in the company's final earnings report before CEO Tim Cook steps down. A 22% jump in iPhone sales, combined with record spring-quarter Mac revenue, helped drive the results. Tariff refunds also boosted Apple's bottom line, adding roughly 5% to profit during the period. But the earnings numbers were only part of the story. In an interview following t ...
Mortgage rates rise to one-year high
Fox Business· 2026-07-31 00:47
Mortgage rates rose this week to the highest level in a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.66% from last week's reading of 6.58%. The average rate on a 30-year loan was 6.72% a year ago. "The housing market continues to benefit from more available inventory, providing prospective homebuyers with additional options and helping support buyer activity ...
US economic growth slows unexpectedly in second quarter
Fox Business· 2026-07-30 20:56
This story about the advance estimate of second-quarter GDP will be updated with further details. U.S. economic growth slowed unexpectedly in the second quarter of the year, according to the Commerce Department's advance estimate.The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 1.5% in the three-month period including April, May and June. That figure was below the 2.1% growth estimate of economists p ...
Fed's favored inflation gauge showed prices pulled back in June
Fox Business· 2026-07-30 20:42
This story about the June 2026 PCE inflation report will be updated with more details. The Federal Reserve's preferred inflation gauge fell in June, as the pace of price growth pulled back amid volatility in energy markets.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index declined 0.1% on a monthly basis in June and was up 3.7% from a year ago. Both figures were in line with the expectations of economists polled by LSEG. Core PCE, which excludes volatile mea ...